foreign banks' caution about Iran due to unfamiliarity with its economy

TEHRAN, Jun. 03 (MNA) –The Governor of Central Bank of Iran, Valiollah Seif, told Australian Ambassador to Tehran Ian Biggs that foreign banks are cautious about interacting with Iran because of unfamiliarity with Iran’s economy. “Iran’s economy has a stable and serene perspective in horizon,” said the Governor of Central Bank of Iran, Valiollah Seif, on Thursday while meeting with Australian Ambassador to Tehran Ian Biggs. The Iranian official underlined that the economic policies of the twelfth administration will be the follow up of the same policies which led to reaching the nuclear agreement of July 14, 2015, dubbed as the JCPOA (the Joint Comprehensive Plan of Action). “Although some parties of the JCPOA are not observing their commitments promised in the agreement, including the US, but the general atmosphere of Iran’s economy is calm and risk-free,” asserted Mr. Seif. The official recounted that the goal f Iran to re-establish relations with foreign banks is to play within safe and non-risky domains and assured that Iran is ready to clear any concern or ambiguity for this cause. The Australian ambassador to Tehran, also in this meeting, for his part, said that he has been in Iran since ten months ago and he sees Iran’s economy on track of moving forward and progress. He affirmed that the current atmosphere is a good opportunity for improving economic cooperation between the two countries.